Across the country, personal debt is skyrocketing, with the total household debt in the U.S. reaching $18 trillion, according to The Motley Fool.
However, the exact amount of debt per household varies on many factors, and the cost of living within the city you live in can play a significant role.
A new report from WalletHub ranked the cities where people are adding the most debt, and a few Southern cities topped the list.
Why It Matters
In 2024, the average American household debt reached $105,056, according to The Motley Fool. That marked a 13 percent increase since 2020…